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$20,000 instant asset write-off for your Art Collection

$20,000 instant asset write-off for your Art Collection

by Moving Canvas | Oct 3, 2018 | Art News, Commissioned Art, Corporate Artworks | 0 comments

3 October 2018 The $20,000 threshold has been recently extended to 30 June 2019. If you buy an asset like art and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. You are eligible to use simplified...

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